The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans… - Robert Aumann

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The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans of each player are rational in the given strategic environment – i.e., when each knows the actions and plans of the others.

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About Robert Aumann

Robert Aumann (born 1930, in Frankfurt,Germany) is an Israeli mathematician, Professor Emeritus at the Hebrew University of Jerusalem, who won the 2005 Nobel Memorial Prize in Economic Sciences.

Also Known As

Native Name: ישראל אומן
Alternative Names: R. Aumann Robert John Aumann Robert J Aumann Yisrael Aumann R.J. Aumann
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